Re: "socialism ultimately fails because it runs out of "other people's money"
Sure, socialism usually doesn't solve those problems because it again creates an elite which hoards the money and leave little to others as well, so it will ultimately fail.
Thank you for confusing socialism with yet another corrupt oligarchy.
The fault lies not in the system, but in the flawed implementation.
Same with everything, the selfish and self-important do their utmost to game a system for the benefit of them and their little clique.